Reference News Network October 8 report: The Bloomberg News website published an article titled "China Beats the United States in the Struggle for Dominance in Energy Exports" on October 6. The following is a compilation of the content:

The world's two largest economies are competing in the energy export market: the United States hopes that countries will purchase its fossil fuels, while China is committed to exporting clean energy technology to the world.

At present, the outcome of the competition is clear: China is the winner of this competition.

For many years, China has continuously increased its exports of electric vehicles, solar panels, batteries, and other carbon-reduction technology products. A new report released by the UK think tank "Unburned Coal" shows that in August this year, the global export value of related products from China reached a record high of 20 billion US dollars.

"Unburned Coal" research organization data analyst Yohan Graham said: "Even against the backdrop of a significant drop in prices, the export value of China's clean energy technology products has set a historical record."

The United States has always claimed to be the main exporter of fossil fuels. As of July, the total oil and gas exports of the United States this year have reached 80 billion US dollars; during the same period, the export value of China's clean energy technology products has already reached 120 billion US dollars.

This gap is not accidental, but a continuation of the trend. According to data from the U.S. Energy Information Administration, U.S. oil exports hit a record high in 2024, but the export value of China's clean energy technology products still exceeded that of the United States by 30 billion US dollars.

The key lies in the rapid growth of China's exports in emerging markets. This year, more than half of China's electric vehicle exports go to countries and regions outside the Organization for Economic Co-operation and Development (OECD).

From Trump's first term to the subsequent Biden administration, the United States has continuously increased its oil and gas production, and thus the volume of oil and gas exports has also increased significantly. During Trump's second term, he has been trying to further increase oil and gas production by relaxing regulations, while suppressing the development of clean energy industries.

Notably, due to strong energy demand, most of China's clean energy technology products are used domestically. This quarter, China's domestic electric vehicle sales are expected to exceed the total sales of American cars.

Both countries can generate substantial export revenue in their respective areas of strength. In the future, the United States may further expand its fossil fuel exports, while the continuous growth of China's clean technology exports will strengthen its international influence.

From the perspective of countries importing energy products and technologies from the United States or China, the differences between the two are evident. Greg Jackson, CEO of Octopus Energy, the largest energy retailer in the UK, said: "Clean energy exports hardware equipment, once purchased, these devices can generate electricity for the next one or two decades; natural gas is completely different, it is consumed immediately after purchase." (Translation/Um Mei)

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